Just a Heads Up.  Chinese stock indices have been perking up here lately.  Is it the start of something bigger? Could be.  Take a look at a few things first; the indices ETF's: fxi, caf, pgj, yao.  

But if this is truly a bigger run we should be seeing some leaders and we do.  BIDU, CTRP, EJ, DATE, NOAH, MCOX.

Many  companies have had nice runs now, and chasing positions will surely lose your money but I think it's wise to start paying attention here.  Overall the longer term risk to reward looks better to me here than the US right now.  My worthless .02.

john

It's a difficult call for Matt and Steve because they do not know for sure which trade is going to move on any given day.   This is generally due to the nature of the trades as they hit the breakpoint.  So, what I might suggest is that you place a buy stop limit trade or buy stop market and then play them as they come to you.  Depending on your analysis, timing,  time-frame, market, and account size you may be able to place the trade on many or just pick a few.  Yes, invariably if you do that, one will certainly  work out better than the one you picked but that's about all you can do.  Your opinion may vary.

Weekly Charts.  Sort of an imperfect H&S but a break of 114.13 appears important on TLT. Nice basing action in the TBT, just needs to get by the 69. area.  Pick your spots or the single inverse bond etf.

TLT

TBT

Holding tight and high on the dominant candle from 6 days ago with lighter volume on the consolidation.

Didn't expect that close. Got out yesterday, was happy and quit looking at it today.

I agree. But knowing what you know now, it sure is hard to hold through those downturns that come along.  Of course, you could trade weekly charts and if you didn't watch anything then you might not see the market drop 5 days in a row.  At this  point I don't think I could not pay attention to the market. I wish I could, then I'd just trade some mechanical 8/20 cross on the weekly or something and be just fine.

This isn't a great answer and you may totally disagree ... but when we were all watching gold moving parabolic to 1800 it seemed pretty obvious what was next to come.  When these things end- they can end badly and it takes a while to find an equilibrium or fair price and both extremes in price can be tested during the process.  Our job is not to care why they do what they do, only to try to follow what is really happening and ignore the noise.

Without getting too carried away. the overall pattern appears similar to the market as a whole, so the general idea for me is if the market continues on up so probably will URE and we'd all like to know the answer to what the market is going to do.   The current pattern, whether you call it a little H&S or cup and handle - from October until now meaures up another 1 1/2 points or so.  Looks to me like it still has some room to run if the market holds up..

The downsides are that are that it is a little overbought (but with the slow stochastics above 80 it could also trend for a while).  It didn't break out on very good volume (so the breakout appears suspect) but it still is at a new high. It's also at the top of it's Bollinger Band.  

URE

Sure, they just sold a huge amount of stock to  further dilute the shares and the government is still controlling a lot of shares for another 90 days at least, before they unload them back into the market.  That's a whole lot of dilution.

Possible, but there is an awful lot of resistance at the 57.80 area to get throughfirst..

Ditch,

Now that's pretty funny.  I could see how it might cause some folks to panic trying to help. lol

Solars are generally bouncing perhaps in response to Copenhagen?  Don't know if it has any legs yet as they are not very positive on any longer term time frames.  Might pay attention, though.

I'm with Gary.  Why can't you just leave the inflammatory stuff alone?  I personally find your remarks very offensive.  That's not what this board is for and I don't want to hear your BS here.

Very nice Matt and Tom.  

Mine's working fine.  Try a different time template or restart the data manager maybe?

That's also kind of a neat little feature to get the software to color flag what you're looking for and move those scans to the front of the list.

I have Windows 7 on a laptop now. Wouldn't even consider anything else.  As for the older office programs, I don't know all those answers yet as I haven't worked in them since getting the laptop.  As a general rule it's better to keep moving your operating system forward and update older programs as you have to.  Obviously Microsoft has had some hiccups along the way but in general keep moving forward.

This pattern ('82 to 2009) has the look of a completed 5 (possibly 3) wave with an ABC correction . I doubt it fits in the books this way because of the sort of flat type correction and my knowledge of Ewave corrective patterns is very limited, but the fib measurements sure smell of the same type of corrective action as a common zig zag correction. 

If this were correct and it's a huge IF,  the implications of this would be that there is no big C wave to come or a primary 3 down.  C already happened.  We're onto a new pattern possibly or maybe a big wave 5.  Is it right?  Who knows, only time will show us that.  But, it appears to be at least something to consider to open your mind to other possibilities.

Why was I even looking at it?  Because there are some things in the market and some stocks that make me think that we may be in store for a correction rather than a big down move.  Of course, we'll know a lot more as we tackle these huge trendlines.

If nothing else, I think this shows that you have to open up your thinking when you start using Ewave for longer term projections.  It seems to open up a lot of room for error.